Illinois 104th General Assembly Status: Introduced Bipartisan · 3 D · 1 R cosponsors

HB2741      — PUBLIC FUNDS-SECURITIES

Last action — Removed Co-Sponsor Rep. Robert "Bob" Rita

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House. Introduced February 05, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 30% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (3 D · 1 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Amends the Public Funds Investment Act. Permits public agencies to invest public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) or the second highest rating category (AA) assigned by Standard & Poor's Corporation, Moody's Investors' Services, or other similar nationally recognized statistical rating organization. Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read HB2741 on the official Illinois source →

Action History

  1. Removed Co-Sponsor Rep. Robert "Bob" Rita

  2. Added Co-Sponsor Rep. Robert "Bob" Rita

  3. Added Chief Co-Sponsor Rep. Martha Deuter

  4. Added Co-Sponsor Rep. Daniel Didech

  5. Added Chief Co-Sponsor Rep. Eva-Dina Delgado

  6. Rule 19(a) / Re-referred to Rules Committee

  7. To Tax Policy: Finance Subcommittee

  8. Assigned to Revenue & Finance Committee

  9. Referred to Rules Committee

  10. First Reading

  11. Filed with the Clerk by Rep. Travis Weaver

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 179 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (179)

179 members have not signed on to this bill.

Show all 179 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB2741      do?
Amends the Public Funds Investment Act. Permits public agencies to invest public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) or the second highest rating category (AA) assigned by Standard & Poor's Corporation, Moody's Investors' Services, or other similar nationally recognized statistical rating organization. Effective immediately.
Who sponsors HB2741     ?
HB2741      is sponsored by Travis Weaver (Republican), Eva-Dina Delgado (Democrat), Martha Deuter (Democrat), and Daniel Didech (Democrat).
What is the current status of HB2741     ?
This bill has been introduced in the House. Introduced February 05, 2025. It must pass committee before a floor vote.
Where can I track HB2741     ?
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Last checked for changes 3 months ago · updated continuously

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